Tories to hit banks for marriage tax breaks

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George Osborne unveils a tax break for married couples today, funded by a levy on banks that the Conservatives hope will “seal the deal” with the electorate.

The Shadow Chancellor tells The Times that the tax cut, also available to those in civil partnerships, will help people on lower incomes the most and is “modern and progressive”. He insists that promoting marriage in the tax system is not preachy but says “a society where more people are married is a stronger society”.

Only a third of Britain’s 12.3 million married couples would benefit. Those who would gain the most advantage